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The rupiah gained 0.14% to Rp14,630 per dollar and was on track for a fifth consecutive weekly gain, though the rally has been small. Market sentiment was weakening due to rising Covid-19 cases in the US and Europe, and US GDP data and the presidential election were due.
A sustained rupiah rally lowers Indonesian import costs for feed ingredients, but risk-off sentiment could reverse the trend and push USD/IDR higher.
cnbcindonesia.comPutu Agus PransuamitraOct 27, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
